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04.11.2025 08:00:48
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Egypt Non-oil Private Sector Downturn Eases In October
(RTTNews) - Egypt's non-oil private sector contracted at a slower pace in October, survey results from S&P Global showed on Tuesday.
The Purchasing Managers' Index rose to 49.2 in October from 48.8 in September. However, any reading below 50 indicates contraction in the sector.
Among components, production volumes declined at the slowest pace in eight months. Improving marketing conditions also helped a weaker drop in new orders in October.
In line with easing decline in new orders, companies showed more positive trends in purchasing, employment, and activity expectations. Workforce numbers increased, and the rate of job creation was minimal overall.
On the price front, input price inflation rose to a five-month high amid higher wage costs along with greater supplier prices and fuel costs. Nonetheless, the selling price inflation eased slightly since September.
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